This Is My Story

I'm an entrepreneur, real estate investor, world-traveller and podcaster. I'm on a mission to create solid and reliable returns for private lenders through investment in affordable housing. I also love to share people's inspirational stories through unique storytelling experiences on my podcast ‘The Andrew Bilak Show.’

I started my entrepreneurial journey at the age of 18, founding my first business, a window cleaning company that I grew through the summer months while attending University. I instantly fell in love with entrepreneurship and the rewards of building a business. Over the next decade, I went on to start numerous business ventures. From working with multinational corporations building out their messenger marketing strategies, to consulting entrepreneurs and helping them create the necessary systems they needed to scale their businesses.

 

I started my real estate investing journey two years ago when I bought my first investment property when I was 30 years old; a duplex student rental in London, Ontario down the street from Fanshawe College. It took me over a year to find a property that fit my investment criteria. I learned early on, you need to take emotion out of the deal because it always clouds the only metric that matters....the finances of the deal. (The numbers never lie :) I've been fortunate enough to not get burned by losing sight of that investment philosophy. Within 10 days of that first purchase, I bought my second investment property. Another student rental directly across the street from the first one. I've been hooked on investing in Real Estate ever since. Fast forward to today, I have a growing portfolio consisting of 15 doors and 7 units and I'm just getting started.

I understand the importance of surrounding myself with a team where relationships centred around mutually beneficial goals will always pay greater dividends than doing it all by yourself. That's why I've invested heavily in the proper 'power team' in order to push myself to continue to scale my portfolio.

I'm on a mission to continue to invest in affordable housing to create solid and reliable returns for my private investors using the BRRRR (Buy, Rehab, Rent, Refinance & Repeat) real estate investing method, with a focus on creating and investing in more net-zero or passive real estate. Climate change is a very important issue to me and has moved to the forefront of my real estate investing criteria. I am starting to look for deals that will allow me to invest in a way that can reduce my carbon footprint on our planet and contribute to a more 'green' future.

I typically take the same approach in my due diligence process when assessing whether a deal is financially sound. For me, the value of the investment is directly proportional to the price I paid for the asset. When I see a property that I like, I run a very stringent Brrrr financial model calculation. It takes everything into account that needs to be assessed to see if it is a viable investment. My important calculations include capital needed to buy the asset, reno costs and holding costs. The current after repair value of that specific asset class needs to be calculated, (duplex, triplex conversion and so on) along with post reno market rents for those units I am creating. My non-negotiable metrics when analyzing a deal are a minimum annual 15% cash-on-cash return and a minimum $200/m in positive cashflow. The 'perfect' Brrrr deal, where you pull every dime you put into the deal out on the first refi, does exist, but in today's market, it's a little harder to pull off. So, I typically look for deals that will have no more than $45K left in the deal post refi, with an option to refi again within a 5 year hold period to pull more money out of the deal.

 

There's never one route to get to your desired investment outcome in real estate, nor are two deals ever the same. With this in mind, I am always open-minded to finding creative financing and partnership solutions in order to make the real estate projects I invest in with my partners come to life.

Please reach out and connect with me directly or on any of my social media platforms. I'd love to connect with you.

- Andrew

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